Business | Nov 02

TEPCO to raise household electricity charges

TOKYO, Nov 02 () - Japan's largest power utility is considering hiking regulated electricity rates for households.

The announcement by Tokyo Electric Power Company comes after surging fuel prices and a weaker yen have weighed heavily on its business.

The firm posted a consolidated net loss of 143.3 billion yen, or 968 million dollars, for the six months through September.

TEPCO says it will decide on details of a hike and seek government approval as soon as possible. ...continue reading

Source: ANNnewsCH

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